There are three powerful forces at work in the brokerage industry and Charles Schwab (SCHW) looks best poised to navigate them, according to a coverage initiation report on Monday from Morgan Stanley's Michael Cyprys. The analyst assigns an "overweight" rating to Schwab, "equal-weight" ratings to TD Ameritrade (AMTD) and E*Trade Financial (ETFC) and a dreaded "underweight" to LPL Financial (LPLA). Here are what the analyst describes as the Top 3 challenges facing the brokerage industry: Ultimately, he says the golden ticket will be about selling advice rather than selling products.
- Benzinga•2 days ago
While initiating coverage on brokers, Morgan Stanley said the industry is facing three disruptive threats. As the industry focuses on advice in search of growth, the firm has a sound piece of it for the ...
LPL Financial Holdings Inc. (LPLA)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
|Bid||28.93 x 100|
|Ask||28.94 x 11900|
|Day's Range||28.46 - 29.15|
|52wk Range||15.38 - 48.00|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||16.13|
|Avg Vol (3m)||640,671|
|Dividend & Yield||1.00 (3.33%)|